LNG shipments through the Strait of Hormuz rose to 31 tankers in October, up from 27 in September and the highest total since February, according to Kpler data. Qatar exports remained well below pre-war levels at 2.7 million tonnes versus nearly 6.2 million tonnes in February, while UAE loadings had returned to pre-war levels.
The increase in Gulf LNG flows could ease global supply tightness, but Qatar’s substantial shortfall means export availability remains constrained and can support gas prices. Continued recovery in shipments would reduce that pressure over time.
After 24 past bearish trade events, Natural Gas moved a median +2.8% over 5 sessions (54% higher; middle half -4.5% to +7.3%), and -1.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.